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Japan's Honda and Nissan in preliminary merger talks: reports
Japanese auto giants Honda and Nissan are in preliminary merger talks, media reports said Wednesday. A Honda spokesman said Wednesday that a potential merger was already among the possibilities being discussed.
AI startup Databricks raises $10 bn as value soars
Young startup Databricks, which specializes in scaling and building artificial intelligence, said Tuesday it raised $10 billion, bringing the company's valuation to $62 billion. In addition to financing the company's growth, the fundraising round will enable Databricks employees to sell some of the equity they have earned in the startup. gc-tu/nro
Japan's Honda and Nissan to begin merger talks: report
Japanese auto giants Honda Motor and Nissan Motor will enter talks on a merger aimed at helping them compete against Tesla and other electric vehicle makers, newspaper Nikkei reported early Wednesday. It reported that Honda and Nissan will consider bringing in Mitsubishi Motors, of which Nissan is the top shareholder, under the holding company to create one of the world's largest auto groups.
US Fed begins final 2024 rate meeting with cut expected
The US Federal Reserve began its last interest rate meeting of the year on Tuesday, with expectations high for another rate cut and a signal from policymakers that the pace of cuts will slow next year.
A US farm breeds pigs for human kidney transplants
On a farm in the southern US state of Virginia, David Ayares and his research teams are breeding genetically modified pigs to transplant their organs into human patients. The pigs are genetically modified to make their organs less likely to be rejected by patients' immune systems.
Spain central bank raises 2024 growth forecast despite floods
Spain's central bank raised its 2024 growth forecast by 0.3 percentage points on Tuesday despite the impact of the devastating October 29 floods, the country's worst such disaster in decades. The bank also increased its growth forecast for 2025 by 0.3 percentage points to 2.5 percent. imm/cw
Chinese casino hub Macau struggles to evolve beyond gaming
In the shadow of the Grand Lisboa, the Macau casino world-famous for its "golden lotus" design, fashion boutique owner Suzanne Leong wonders if the economic miracle that initially made her fortune has now cast her aside. Having endured an "extremely tough" year, boutique owner Leong said she had no plans to close her business.
Asian markets mixed as Fed gears up for interest rate decision
Asian markets fluctuated Tuesday as attention turned to the Federal Reserve's upcoming policy decision, with traders hoping for guidance on its interest rate plans as president-elect Donald Trump prepares to take office. However, he added: "The wild card is what happens after Donald Trump takes office as US president.
ChatGPT search opens to all users in challenge to Google
OpenAI on Monday said it is making ChatGPT-powered internet search available to all users, escalating its threat to Google's dominance. "We're really just making the ChatGPT experience that you know better with up-to-date information from the web," ChatGPT Search product lead Adam Fry said in the video.
AFP
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